Uber Wants to Go Public in 18-24 Months, According to Leaked Documents

Josh WolfordBusiness

Share this Post

According to a leaked presentation to potential investors in China, Uber plans to go public in the next 18-24 months – putting the IPO sometime near the end of 2016 to the middle of 2017.

Reuters reports on the documents, which also include plenty of financials.

According to the presentation, Uber is expected to see global bookings of $10.84 billion this year. Considering Uber takes 20% of that, it appears that Uber's 2015 revenue would be around $2 billion.

Uber projects $26.12 billion in bookings next year.

"Bookings reached $2.91 billion last year and $687.8 million in 2013, according to the presentation, which does not feature expenses or say whether Uber is profitable," says Reuters.

So, bookings have more than tripled over the past year.

As far as whether or not Uber is profitable, it's unlikely at this point. A recent report from Bloomberg revealed $470 million in losses of the company. Uber is currently spending a lot of money to expand.

Last month, Uber reportedly raised another $1 billion in funding, valuing the company at over $50 billion.

Uber says it "doesn't comment on rumor and speculation."

Josh Wolford

Josh Wolford is a writer for WebProNews. He likes beer, Japanese food, and movies that make him feel weird afterward. Mostly beer.

Follow him on Twitter: @joshgwolf

Instagram: @joshgwolf

Google+: Joshua Wolford

StumbleUpon: joshgwolf